Algeria Foreign Investments

Algeria May Invite Foreign Oil Investors: The Algerian government is trying to ease its economic burdens by pushing a new oil policy that promotes foreign investment, the Middle East Economic Survey reported. The respected weekly newsletter said the investment envisaged by the government would include exploration and development of existing fields.

Algeria Opens Oil Reserves: The Algerian parliament passed laws allowing foreign firms, until now banned from sharing output at existing fields, to take up to 49% in known and future oil, gas and mineral reserves in the country. The decision to open Algeria's oil, gas and mineral wealth to foreign exploitation and expertise should bring the country welcome hard cash and better oil production, diplomats and industry experts said.

There are 746 miles of coastline stretching from the Moroccan border east to Tunisia, and beyond that, the blue Mediterranean. The Algerian shore is speckled with harbors, ports and deep coves rising to meet white beaches. Nouria Gaouar looks out on the seafront and in her mind's eye sees it covered with boats--lots of them. Little sails bobbing along the horizon. Speedboats roaring past a line of bluffs. Motor cruisers. Deep-water fishing vessels.